Jordan Petroleum Refinery Co (AMM:JOPT) Debt-to-Equity : 0.11 (As of Sep. 2024)

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What is Jordan Petroleum Refinery Co Debt-to-Equity?

Jordan Petroleum Refinery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD2 Mil. Jordan Petroleum Refinery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD39 Mil. Jordan Petroleum Refinery Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was JOD365 Mil. Jordan Petroleum Refinery Co's debt to equity for the quarter that ended in Sep. 2024 was 0.11.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Jordan Petroleum Refinery Co's Debt-to-Equity or its related term are showing as below:

AMM:JOPT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 2.71 Max: 6.69
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Jordan Petroleum Refinery Co was 6.69. The lowest was 0.01. And the median was 2.71.

AMM:JOPT's Debt-to-Equity is ranked better than
80.56% of 823 companies
in the Oil & Gas industry
Industry Median: 0.47 vs AMM:JOPT: 0.11

Jordan Petroleum Refinery Co Debt-to-Equity Historical Data

The historical data trend for Jordan Petroleum Refinery Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jordan Petroleum Refinery Co Debt-to-Equity Chart

Jordan Petroleum Refinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.22

3.05

2.36

2.24

1.97

Jordan Petroleum Refinery Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.92	1.97	0.11	2.25	0.11

Competitive Comparison of Jordan Petroleum Refinery Co's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Jordan Petroleum Refinery Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Jordan Petroleum Refinery Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Jordan Petroleum Refinery Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jordan Petroleum Refinery Co's Debt-to-Equity falls into.

Jordan Petroleum Refinery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jordan Petroleum Refinery Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(666.367	+	41.461)	/	360.137
	=	1.97

Jordan Petroleum Refinery Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.248	+	39.313)	/	364.769
	=	0.11

Jordan Petroleum Refinery Co (AMM:JOPT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Jordan Petroleum Refinery Co Debt-to-Equity Related Terms

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Jordan Petroleum Refinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jordan Petroleum Refinery Co Ltd (AMM:JOPT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rainbow Street, First Circle, P.O Box 3396, Jabal, Amman, JOR, 11181

Website

https://www.jopetrol.com.jo

Jordan Petroleum Refinery Co Ltd is engaged in refining and producing hydrocarbon petroleum products and production of lube oils and asphalt drums. The products of the company include asphalt, fuel, mineral oils, and special products which include white spirit and chemically treated gasoline.

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